marceau Posted June 16, 2008 Report Share Posted June 16, 2008 Just like in 1979/80. Iran's accounts get freezed. Other people get scared and buy gold. Not just that, did you see the euro inflation report? Highest in 16 years. Instantly put the notion of the Fed raising rates more quickly than the ECB in the dustbin. Looks like the dollar won't be appreciating against the euro after all. Link to comment Share on other sites More sharing options...
electroweak Posted June 16, 2008 Report Share Posted June 16, 2008 Gold at important resistance now, if it can break through to $885 it will probably head back to $900 today. Edit: Gold just cleared it, I think we're in for a good rally here if it can hold. Link to comment Share on other sites More sharing options...
marceau Posted June 16, 2008 Report Share Posted June 16, 2008 He'll be back though. He's just jetpacking off to his secret volcano-base to plan more 'free-market' manipulation. Probably involving lasers this time. Link to comment Share on other sites More sharing options...
marceau Posted June 16, 2008 Report Share Posted June 16, 2008 Resistance will (again) be at $896 then $900. If we get through the shorterz are going to be incinerated. Edit: Silver moving up on its own again. Oil going for the highs. Very promising stuff. Link to comment Share on other sites More sharing options...
romans holiday Posted June 16, 2008 Report Share Posted June 16, 2008 Oil taking off. Threatening the all time high. Up four bucks! Euro up to 1.55ish!.... Reversing all those whoopee dollar gains this week. Link to comment Share on other sites More sharing options...
Livininabox Posted June 16, 2008 Report Share Posted June 16, 2008 Hi - first post - HPC refugee - member there for 4 years & only 24 posts so probably won't post much here either. Avid reader every day though. Read & learn. Need some help please. Has anyone bought silver from coininvestdirect? Looking to buy a skip full of those Austrian philharmonikas. They charge 7% EU VAT. They are shipped from Germany. What I need to know is do you have to pay additional VAT when delivered to the UK. Thanks in advance guys Link to comment Share on other sites More sharing options...
Bobsta Posted June 16, 2008 Report Share Posted June 16, 2008 Guess which idiot tried to take some profits on Silver at 1680.... and is now watching it sail off into the sunset. Great day though, you'll get no complaints from me on Gold's performance. Link to comment Share on other sites More sharing options...
G0ldfinger Posted June 16, 2008 Author Report Share Posted June 16, 2008 Guess which idiot tried to take some profits on Silver at 1680.... and is now watching it sail off into the sunset. ... Ouch. Link to comment Share on other sites More sharing options...
Bobsta Posted June 16, 2008 Report Share Posted June 16, 2008 Ouch. Ouch indeed. The only consolation is that I only sold about 10% at 1680 and another 10% at 1695 ... But that's 20% too much, clearly! Link to comment Share on other sites More sharing options...
marceau Posted June 16, 2008 Report Share Posted June 16, 2008 Ouch. Indeed. Shorterz must have felt the pain on that one. I think we'll get a lull now before an earnest attempt at the $900 / $17.50 resistance levels later today. Normally I wouldn't buy strength and would wait for a $10-15 pullback before adding, but I have a feeling we're about to go parabolic again. I'm off to do some thinking about how much I'm prepared to risk. Link to comment Share on other sites More sharing options...
romans holiday Posted June 16, 2008 Report Share Posted June 16, 2008 My thinking is just sidewise, albeit volatile, for the summer, if not year. Anyway, I am hoping as want to buy more during that period I do not think the dollar will give up without a fight. Link to comment Share on other sites More sharing options...
dietcolaaddict Posted June 16, 2008 Report Share Posted June 16, 2008 I’m interested in the historical seasonality of gold price. I can’t find a good article, so have done my own research for this post. The fundamentals for gold remain very strong, but the market price is not (currently) playing ball with the fundamentals. So there is great potential for some ‘catch-up’ action in the near future, but when? This approach looks at the recent historical data in a scientific way. These two charts characterise this seasonal effect, and show a clear pattern. From the 1999 price dip (unfortunately known in the UK as the “Brown Bottom”) I have calculated the monthly fractional change in gold price (obtained from World Gold Council download files). I have then ranked annually the months in terms of best performance (value 1) to worst performance (value 12) within each year. Note that the middle rank value would be 6.5. This right chart shows a clear split between a below-average season of Mar-Aug and an above-average season of Sep-Feb. The trend is so clear that certain months are close to statistical significance at p<0.05 (Jul, Mar on the bad side, Sep on the good side). To put this another way, look at the left chart. It shows the averaged gain in value of $100 gold purchased at the start of the good season on 1 Sept. There is steady accumulation of value up to February when stagnation sets in. So in conclusion – seasonal trends of gold price over the last 9 years suggest that the sideways summer may end around late August. Link to comment Share on other sites More sharing options...
hotspur Posted June 16, 2008 Report Share Posted June 16, 2008 Gold Investment & Trading - #4 : June 2008, Will Gold find another bottom at $850 per ounce? A great chart to kick off the new month this could still take a bit but any bad news and the chart is worth nil getting long with a short term option put cant be wrong and get the stuff in your pocket!! Link to comment Share on other sites More sharing options...
goldenbee Posted June 16, 2008 Report Share Posted June 16, 2008 this could still take a bit but any bad news and the chart is worth nil getting long with a short term option put cant be wrong and get the stuff in your pocket!! Welcome hotsput, are you in gut city by any chance? bee Link to comment Share on other sites More sharing options...
Compounded Posted June 16, 2008 Report Share Posted June 16, 2008 Oil taking off. Threatening the all time high. Up four bucks! It looks like the King of Saudi's promise to pump more no longer moves the market. Hi - first post - HPC refugee - member there for 4 years & only 24 posts so probably won't post much here either. Avid reader every day though. Read & learn. Need some help please. Has anyone bought silver from coininvestdirect? Looking to buy a skip full of those Austrian philharmonikas. They charge 7% EU VAT. They are shipped from Germany. What I need to know is do you have to pay additional VAT when delivered to the UK. Thanks in advance guys I have bought some silver coins and did not pay extra VAT over the German 7%. So long as they are for personal use you only pay VAT once in the country of purchase within the EU. If you are a business reselling you would claim back the 7% and have to charge 17.5% on the resale. Many companies have set up mail order businesses in Jersey which confusingly is not in the EU and has no VAT, rules have been changed to try to combat this tax avoidance scheme. Link to comment Share on other sites More sharing options...
marceau Posted June 16, 2008 Report Share Posted June 16, 2008 Further to my last post, it's been a good day in gold (and a fantastic day in silver) so far, but until we close above $910 I'm going to stay vigilant and not take too many risks. This market has been fooling both bears and bulls for the last few weeks, and has made some startling 'bucking bronco' moves to shake off undercommitted and undercapitalised investors. The range $850 - $910 won't last forever, and I'm pretty sure we'll breakout of it to the upside. But to be safe I'd rather be in from the lower end of the range than the higher end, so I'm holding off until we either drop back down or break above $910 decisively. If gold does break out and I miss it, I still have my core positions to console me. Link to comment Share on other sites More sharing options...
Livininabox Posted June 16, 2008 Report Share Posted June 16, 2008 I have bought some silver coins and did not pay extra VAT over the German 7%. So long as they are for personal use you only pay VAT once in the country of purchase within the EU. If you are a business reselling you would claim back the 7% and have to charge 17.5% on the resale. Many companies have set up mail order businesses in Jersey which confusingly is not in the EU and has no VAT, rules have been changed to try to combat this tax avoidance scheme. Many thanks Compunded Link to comment Share on other sites More sharing options...
G0ldfinger Posted June 16, 2008 Author Report Share Posted June 16, 2008 ... If gold does break out and I miss it, I still have my core positions to console me. As all through last year or so, I am basically 100% committed to gold and silver right now. Link to comment Share on other sites More sharing options...
frizzers Posted June 16, 2008 Report Share Posted June 16, 2008 As all through last year or so, I am basically 100% committed to gold and silver right now. You'd never know it with a name like that. Link to comment Share on other sites More sharing options...
narco Posted June 16, 2008 Report Share Posted June 16, 2008 As all through last year or so, I am basically 100% committed to gold and silver right now. I agree. I'm fully loaded and well prepared for the next round of action. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted June 17, 2008 Report Share Posted June 17, 2008 Can we compare stocks ? This is what I would like mine to look like :D Link to comment Share on other sites More sharing options...
wren Posted June 17, 2008 Report Share Posted June 17, 2008 This is what I would like mine to look like :D Blimey. Now, that is one of nicest shots of bullion I've ever seen. Might even be enough to make of a man a gold bug. Link to comment Share on other sites More sharing options...
ologhai Posted June 17, 2008 Report Share Posted June 17, 2008 This is what I would like mine to look like :D How did you manage to get a photo of my spare bedroom? Link to comment Share on other sites More sharing options...
hotspur Posted June 17, 2008 Report Share Posted June 17, 2008 Gold Investment & Trading - #4 : June 2008, Will Gold find another bottom at $850 per ounce? A great chart to kick off the new month hope you have it your pocket cos all this paper is going down the loo in the last bull run in gold it went to 700 beers LOL we only at about 150- 170 at the moment but if we go hype then it could go to 24000 loafs of bread as in germany 1923 Link to comment Share on other sites More sharing options...
hotspur Posted June 17, 2008 Report Share Posted June 17, 2008 I really think we could see gold $1,200 and silver $30 before year end. this is to low its gonna be along hot summer the fallout is yet to come Link to comment Share on other sites More sharing options...
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